High interest rates with fixed interest, alternative flex loans?

I would also be interested in that. Is there, for example, a fixed interest rate period of 3 years?

Why shouldn't that be possible? My last loan lasted 2 years because I knew I wanted to sell my house and estimated about a 2-year sales process. The previous loan had just expired. It was absolutely no problem..

I would be interested in that as well. For example, is there an interest rate fixed period of 3 years?

Anything you want is possible. One year, 27 months, 3.75 years. However, 5 years is now partly more expensive than 10 years. Why? Because it is assumed that interest rates will stay low in the long term.

First of all, thanks for getting involved here. If you say that 2.75% is added on top, I no longer understand the whole offer. There is also an interest rate fixed period entered. Maybe I’ll just ask the financier again tomorrow.

You have two offers. Both variable and with a 5-year fixed interest rate.

Question of mentality – in the States, the vast majority is financed variably.

The outcome was seen in the real estate crisis... And it did not end well for millions of consumers...

I assume, like you did back then, that interest rates will fall in the next 3 years

Why do you expect falling interest rates? They are still historically low and what reasons could there be for them to fall back to 1% for 10 years (or similar)?

Why shouldn't that work? My last loan ran over 2 years because I knew I wanted to sell my house and I expected a sales process of about 2 years. The previous loan had just expired. It was no problem at all..

I wanted to add something.. Exactly my case, however, I would finance variably from today's perspective. I had actually sold my house "already" after 1.5 years and I had to terminate early after all. I thought.. well, I'll "gift" the bank those few interest payments.. but the bank charged me an additional relatively high processing fee. It was much higher than the remaining interest I would have had to pay. In the end, not so bad.. it was a total of about 500 euros ;)

Question of mentality - in the States, the vast majority is financed variably.

P.S. I currently like to refer to the UK - there, millions of people will soon have to intensely experience the consequences of short fixed terms. Sad...

Why do you assume falling interest rates? They are still historically low, and what reasons would there be for them to fall back to 1% for 10 years (or similar)?

The market assumes this (= interest rates will fall again in the medium term), as you yourself wrote in your post before. Otherwise, you wouldn’t currently pay more for a fixed interest rate over 10 years than for 5 years. This inverted yield curve usually only exists during recessions or special events like right now. Currently, the ECB is practicing so-called "frontloading," meaning interest rates are being pushed very quickly to the target level. I expect further adjustments by the end of the year. After that, nothing more will happen. The ECB is also aware that this is a supply shock. Furthermore, many Southern European countries would no longer withstand higher yields, which will occur, for more than 1-2 years.